Aimco

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Apartment Investment and Management Company, commonly referred to as Aimco, is an American publicly traded real estate investment trust. As of December 31, 2023, the company owned 26 apartment communities comprising 5,940 apartment units in the United States.[1]

History

Aimco traces its roots to The Considine Company, formed in 1975 by Terry Considine. Aimco was incorporated on January 10, 1994 and became a public company via an initial public offering on July 29, 1994.[1]

Major acquisitions

Year Company Notes Ref
Template:Dts Walters Management Company [2]
Template:Dts J.W. English Company [3]
Template:Dts Apartment portfolio of Winthrop 8,175 apartments [4]
Template:Dts NHP 87,659 apartments [5]
Template:Dts Apartment division of Insignia Financial Group Price was $910 million [6]
Template:Dts Oxford and affiliates 36,662 apartment units [7][8]
Template:Dts Casden Founded by Alan Casden; owned 17,383 apartments, price was $206 million in stock and $198 million in cash [9]

Major divestitures

Year Company Notes Ref
Template:Dts Affordable apartments business Sold to Related Companies [10]
Template:Dts Stabilized apartments Corporate spin-off of Apartment Income REIT Corp.; acquired by The Blackstone Group [11]

References

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External links

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  • Business data for Aimco: Template:Hlist

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